ON FRIDAY. THEY ALL RIGHT AND
SOME OTHER POLITICAL NEWS HERE
U.S. SECRETARY OF STATE ANTONY
BLINKEN TO BEGIN A 2 DAY
MEETING WITH TOP CHINESE
OFFICIALS IN ALASKA TODAY
MARKING THE FIRST TIME THE
BIDEN ADMINISTRATION HAS MET
WITH THE COUNTRY AND JOINING US
NOW IS CHRIS KONSTANTINOS I
CHIEF INVESTMENT STRATEGIST AT
RIVERFRONT INVESTMENT GROUP
CHRIS, IT'S GOOD TO HAVE YOU
WITH US
THIS AFTERNOON. THE SECRETARY
OF STATE HERE CALLING OUT
CHINESE AGGRESSION. THIS WEEK
WARNING AGAINST A DANGEROUS
EROSION OF DEMOCRACY, LET'S
TAKE A LISTEN TO WHAT HE HAD TO
SAY.
TRUE.
>> ALL RIGHT SO SET THE STAGE
FOR US HERE WHAT IS THE
RELATIONSHIP BETWEEN US AND
CHINA THAT THE BIDEN
ADMINISTRATION INHERITED.
>> I WOULD SAY THANKS FOR
HAVING ME. I WOULD SAY THAT THE
SITUATION AT THE BIDEN
ADMINISTRATION INHERITED.
IS PRETTY TOUGH RELATIONS RIGHT
NOW BETWEEN US AND CHINA
PROBABLY CLOSE TO NEAR TERM
LOW. BUT LET'S NOT FORGET
THAT SO
WE HAVE THE SEEDS OF THIS
STARTED HAPPENING LONG BEFORE
THE TRUMP ADMINISTRATION CAME
IN. IF YOU LISTEN TO SECRETARY
OF STATE LIST OF GRIEVANCES.
A LOT OF THESE HAVE BEEN
BREWING FOR YEARS IF NOT
DECADES. AND YOU KNOW THIS LIST
HAS BEEN OUT THERE FOR A WHILE
THERE'S A LOT OF HISTORY HERE
THAT THESE 2 SIDES ARE GOING TO
HAVE TO TRY TO WORK THROUGH AND
I'M PROBABLY SPEAKING FOR A LOT
OF PEOPLE WANT TO SAY THAT I
DON'T HAVE A A HUGE DEGREE
CONFIDENCE THAT THE MEETING IN
ALASKA'S GOING TO REALLY
ACHIEVE A WHOLE LOT FROM THAT
PERSPECTIVE.
>> OBVIOUSLY AT THE BIDEN
ADMINISTRATION HAS ITS HANDS
FULL WE JUST HEARD PRESIDENT
BIDEN SPEAKING ON THE STATE OF
THE VACCINATION
EFFORT THAT CORONAVIRUS HAS
STILL IMPACTING OUR DAILY LIVES
WITH MORE THAN HALF A MILLION
CONCEALED LOST THEIR LIVES
BECAUSE OF THE CORONAVIRUS
ABOUT RELATIONS VERY MUCH
IN FOCUS
AS WELL WHAT EXPERIENCES FROM
THE BIDEN AND MINUTES FROM THE
OBAMA ADMINISTRATION ABIDING
WAS APART
CHRIS CAN BIDEN TAKE WITH HIM
TO INFORM HIS STANCE ON
RELATIONS WITH CHINA OVER THESE
NEXT 4 YEARS.
>> SURE WELL I YOU
CHINESE PRESIDENT XI HAS BEEN
QUOTED AS SAYING YOU KNOW BY
THIS COURT AT QUOTE AN
OLD FRIEND. BUT I THINK THE
TRUTH OF THE MATTER IS IS THAT
YOU KNOW FROM THE OBAMA
ADMINISTRATION ON THERE'S BEEN
A LOT OF DISAPPOINTING LACK OF
PROGRESS YOU KNOW FROM THE U.S.
PERSPECTIVE ON A WHOLE BUNCH OF
ISSUES AS IT RELATES NOT JUST
TO TRADE BUT INTELLECTUAL
PROPERTY PROTECTION, HUMAN
RIGHTS
ABUSE ETCETERA AND SO YOU KNOW
I THINK THE PRESIDENT BIDEN'S
PROBABLY
DRAWING ON A FAIRLY EXPERIENCE
OF OF BEING DISAPPOINTED WITH
WHAT WE'VE BEEN ABLE TO GET OUT
OF CHINA. IN REGARDS TO THESE
THINGS YOU KNOW I THINK THERE
WAS SOME EXPECTATION PERHAPS IN
SOME CIRCLES THAT THE BITE
MINISTRATION WOULD COME IN WITH
SORT OF A FRESH START
AS IT AS IT RELATED TO CHINA,
BUT I DISAGREE WITH THAT I
THINK JUST BECAUSE WE HAVE A
NEW ADMINISTRATION. THERE
SHOULD BE AN EXPECTATION THAT
AMERICA'S GOING TO BE ANY LESS
TOUGH ON YOU KNOW
IF ANYTHING I THINK THAT SOME
OF THIS PAST DISAPPOINTMENTS
THAT THAT BIDEN WAS PROBABLY
YOU KNOW HAD A FRONT ROW
SEAT FOR IN THE PASSES AS YOU
KNOW COLORED HIS YOU KNOW HIS
ATTEMPTS HERE AND I
THINK HIS HIS CONFIDENCE LEVELS
PRETTY LOW AT THE CHINESE AS
>> THE BIGGEST
THAT AMERICANS AND THE BIDEN
ADMINISTRATION HAS WHEN IT
COMES TO CHINA.
>> GOSH WHERE TO
OBVIOUSLY HUMAN RIGHTS ISSUES
ARE FIRST AND FOREMOST AND HAVE
BEEN YOU KNOW WITH OUR
RELATIONS WITH CHINA FOR QUITE
SOME TIME. AND I THINK
IF ANYTHING.
IT SEEMS TO BE HEADING IN THE
WRONG DIRECTION, RIGHT YOU LOOK
AT THE HONG KONG SITUATION.
AND WHAT'S TRANSPIRED THERE OF
THE LAST COUPLE YEARS I THINK
THAT MAKES. YEAH, YOU IF FOLKS
IN.
ANNUAL SO POWER AND IN AMERICA
VERY NERVOUS, YOU LOOK AT THE
SITUATION WITH TAIWAN.
YOU LOOK AT THE SITUATION WHEN
THE SENKAKU AND IT'S P WITH
JAPAN. YOU KNOW THAT THESE ARE
ALL ISSUES THAT HAVE BEEN WITH
US FOR A WHILE AND DON'T HERE
TO BE IMPROVING IT OFF OF THE
AMERICAN PERSPECTIVE. BUT
THAT'S CERTAINLY NOT THE ONLY
ONE. YOU KNOW INTELLECTUAL
PROPERTY PROTECTION IS OF
TANTAMOUNT
IMPORTANCE HERE. AND CONTINUES
TO BE AGAIN DESPITE HAVING
THESE DIALOGUE TO THE CHINESE
FOR QUITE SOME TIME DECADES
IN FACT. THE ACTUAL PROGRESS ON
THE GROUND FROM THE AMERICAN
PERSPECTIVE, IT'S NEXT NEXT
TO NOTHING IN FACT IF ANYTHING
YOU'VE SEEN THAT BIDEN
ADMINISTRATION RECENTLY SORT OF
DOUBLE DOWN ON SOME OF THE
RHETORIC AROUND
TRY KEY ABUSE SO AGAIN I THINK
IT'S A WHOLE LAUNDRY LIST OF
ISSUES AND THEIR THORNY AND
THEY'RE NOT GOING TO GET SOLVED
IN ALASKA. CHANCES ARE THEY'RE
NOT EVEN GOING TO BE ABLE TO
MAKE ANY
PROGRESS THERE.
>> OUR WEAPONIZING TRADE I KNOW
OBVIOUSLY IS A VERY REAL
CONCERN WE SAW PRESIDENT TRUMP
OR AMP UP THE TRADE WAR WITH
CHINA SHORTLY INTO HIS
OWN PRESIDENCY. BIDEN NOT
TAKING AS HOSTILE OF AN BUT
TRYING TO COME TO SOME SORT OF
AGREEMENT ON THIS LAUNDRY LIST
OF TOPICS, CHRIS THAT YOU
JUST MENTIONED, I'M WONDERING
THE PRECARIOUS POSITION THAT
THE PUTS BOTH THE U.S. AND
CHINA IN CHINA DID
DO A MUCH BETTER JOB OF CURBING
THE SPREAD OF THE CORONAVIRUS
BUT AS WE HEARD FROM PRESIDENT
BIDEN JUST MOMENTS AGO AT THE
U.S. IS VACCINATING MORE PEOPLE
THAN ANY OTHER COUNTRY.
IN THIS WORLD, HOW DOES THAT
CHANGE THE DYNAMICS AT PLAY
HERE BETWEEN THE U.S. AND
CHINA.
>> I REALLY DEPENDS I THINK ON
ON WHAT PERSPECTIVE YOU TAKE
FROM THE CHINESE SIDE I THINK
THEY FEEL LIKE THEY'RE ENTERING
IN THESE TALKS IN A POSITION OF
STRENGTH. THEIR ECONOMY
IS REBOUNDING. AS YOU MENTION
AT THEY APPEAR TO HAVE DEALT
WITH ISSUE EARLIER THAN OTHER
COUNTRIES. COURSE WE ALSO KNOW
IT IF THE EPICENTER OF IT WAS
IN CHINA. BUT NONETHELESS IF
YOU HAVE COVID UNDER AND YOU
KNOW PRESIDENT
XI HAS PROJECTED POWER IN A WAY
THAT NO OTHER CHINESE LEADER IN
THE PAST COUPLE DECADES HAS
DONE SO THEY SORT OF WALKING
INTO THIS
MEETING FEELING. I THINK A
GREAT DEAL OF CONFIDENCE WITH
THEIR STATURE BUT THEN FROM THE
AMERICAN SIDE YOU LOOK AT OUR
ECONOMY I WOULD
ARGUE ARE IS ACTUALLY THE
HOTTEST ON THE PLANET RIGHT NOW
IF YOU LOOK PMI SURVEYS.
WE HAVE THE HIGHEST PMI SURVEY
AT A TIME WHEN CHINA'S ACTUALLY
MODERATING YOU HAVE YOU KNOW
THE BIDEN ADMINISTRATION COMING
IN WITH WHAT I BELIEVE TO BE
ONE OF THE FEW BIPARTISAN
MANDATE OUT THERE WHICH IS A
BIPARTISAN MANDATE TO CONTINUE
TO BE TOUGH ON CHINA WHERE WE
NEED
TO BE. AND THEN OF COURSE AS AS
WE HEARD FROM PRESIDENT BIDEN
EARLIER ON
THIS PROGRAM. WE ARE INDEED
WELL AHEAD OF THE CURVE.
WELL AHEAD
OF EURO. AND A NUMBER OF OTHER
COUNTRIES AS IT RELATES TO
VACCINATIONS SO I THINK THE
U.S. I CAN COME IN HERE TOO AND
HAVE A FAIR AMOUNT OF MOJO
AND FEEL LIKE THIS YOU KNOW
THAT THEY'RE COMING FROM A
POSITION OF STRENGTH AS WELL SO
I THINK IT'S BOTH SIDES COMING
IN PRETTY SECURE
AND THEIR OWN POSITION WHICH IS
ANOTHER REASON THAT I THINK
THAT THIS IS NOT LIKELY TO BE
A MEETING THAT'S GOING TO HAVE
ANY GREAT IMPORT FOR THE THE
OTHER POINT I'D MAKE YOUR 2 IS
THAT THE CHINESE TRIED VERY
HARD TO GET THIS MEETING
LABELED A QUOTE UNQUOTE
STRATEGIC DIALOGUE. US I WAS
HAVING NONE OF THAT RIGHT NOW
SECRETARY OF STATE CLINTON WAS
VERY VERY QUICK
DENOUNCED THE IDEA THAT SAYS
ANY KIND OF STRATEGIC DIALOGUE
SO AGAIN I THINK YOU CAN SEE A
LITTLE BIT OF A WINDOW INTO THE